Core Insights - HIVE Digital Technologies has achieved a significant operational milestone by surpassing 10 Exahash per second (EH/s) in Bitcoin mining capacity, increasing from 6 EH/s at the end of March 2025 [3][4] - The company reported a 58% month-over-month growth in peak hashrate, rising from 6.6 EH/s in April to 10.4 EH/s in May 2025 [3][4] - HIVE is on track to reach a target of 25 EH/s by the end of Q4 2025, with expectations to produce over 12 BTC per day at that capacity [5][6] Operational Highlights - The rapid scaling of HIVE's operations was primarily driven by the energization of a 100 MW hydro-powered facility in Paraguay [4] - The company operates globally across 9 time zones and 5 languages, utilizing 100% hydroelectric power for its Bitcoin mining and AI data centers [5] - HIVE's daily Bitcoin production has increased to over 5 BTC, with a target of 8 BTC per day as the fleet aims for 18 EH/s this summer [6][8] Financial Performance - In May 2025, HIVE mined a total of 139 BTC, averaging 4.5 BTC per day [8] - The mining efficiency averaged 8.5 EH/s in May, with a peak of 10.4 EH/s [8] - The production per EH/s was recorded at 16.4 BTC, with fleet efficiency maintained at approximately 20 J/TH [8]

Core Insights - HIVE Digital Technologies has achieved a significant operational milestone by surpassing 10 Exahash per second (EH/s) in Bitcoin mining capacity, marking a 58% increase in peak hashrate from April to May 2025 [2][4] - The company is on track to reach a target of 25 EH/s by the end of 2025, with expectations to produce over 12 BTC per day at that capacity [5][4] Operational Performance - The peak hashrate increased from 6.6 EH/s in April to 10.4 EH/s in May, driven by the energization of a 100 MW hydro-powered facility in Paraguay [2][3] - HIVE's daily Bitcoin production has risen to over 5 BTC, with a target of 8 BTC per day as the fleet aims for 18 EH/s this summer [5] Efficiency Metrics - In May 2025, HIVE mined a total of 139 BTC, averaging 4.5 BTC per day, with a mining efficiency of 8.5 EH/s [7] - The production per EH/s was recorded at 16.4 BTC, and fleet efficiency was maintained at approximately 20 J/TH [7] Strategic Positioning - HIVE operates globally across 9 time zones and 5 languages, utilizing 100% hydroelectric power for sustainable computing in both Bitcoin mining and AI data centers [4] - The company emphasizes its dual-engine model, integrating high-efficiency Bitcoin mining with its Buzz HPC cloud division, which is generating record cash flow [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has a presence in key finance and investing hubs with offices in London, New York, Toronto, Vancouver, Sydney, and Perth [2][3] Group 2 - The company utilizes technology to enhance workflows and has adopted automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4][5] - Proactive's editorial operations produce approximately 50,000 pieces of news and feature articles annually [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - HIVE Digital Technologies Ltd. has achieved a significant milestone by surpassing 10 Exahash per second (EH/s) in global Bitcoin mining hashrate, adding 1 EH/s each week for the last month [2][3] - The company is on track to meet its Phase 1 objective of 11.5 EH/s by the end of June 2025 and aims for a target of 25 EH/s by Q4 2025, with growth fully funded [3] - HIVE's subsidiary, Buzz HPC, has reached a $20 million annualized run-rate revenue in its GPU cloud business, one month ahead of schedule, reflecting strong operational momentum [4][5] Company Performance - HIVE's total operating hashrate is over 10 EH/s, with a global fleet efficiency of 20 Joules per Terahash [3] - The company is producing over 5 Bitcoin per day, with a consistent addition of approximately 1 EH/s of mining capacity weekly [6] - Buzz HPC has over 5,000 GPUs actively deployed, reinforcing HIVE's position in the GPU cloud infrastructure market [5][6] Executive Commentary - Frank Holmes, Co-Founder and Executive Chairman, highlighted the HPC growth exceeding expectations, with the GPU cloud business potentially valued at 10 to 20 times its annualized cash flows [6] - Aydin Kilic, President & CEO, expressed pride in the team's execution and the rapid scaling of Bitcoin mining capacity [6] Company Overview - HIVE Digital Technologies Ltd. is a leader in sustainable blockchain and AI infrastructure, operating in Canada, Sweden, and Paraguay [7] - The company was the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017 and continues to innovate while reducing its environmental footprint [7]

Company Overview - HIVE Digital Technologies Ltd. is a global leader in sustainable digital infrastructure, focusing on blockchain and AI technologies powered by green energy [7] - The company operates in Canada, Sweden, and Paraguay, and was the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017 [7] Bitcoin Mining Achievements - HIVE has surpassed a total operating hashrate of over 10 Exahash per second (EH/s) and is on track to reach its Phase 1 objective of 11.5 EH/s by the end of June 2025 [2][3] - The company has added approximately 1 EH/s of Bitcoin mining capacity each week for the last month, exceeding previous guidance [3][6] - HIVE is targeting a total hashrate of 25 EH/s by Q4 2025, with a global fleet efficiency of 20 Joules per Terahash [3] High-Performance Computing (HPC) Growth - HIVE's HPC subsidiary, Buzz HPC, has achieved a $20 million annualized run-rate revenue in its GPU cloud business, one month ahead of schedule [4][5] - The rapid scale-up of Buzz HPC includes over 5,000 GPUs actively deployed, reinforcing HIVE's position in GPU cloud infrastructure [5][6] - Executive commentary highlights the potential value of the GPU cloud business, estimated to be worth 10 to 20 times its annualized cash flows [6]

Core Viewpoint - HIVE Digital Technologies is experiencing a transformative year with plans to exponentially grow its operational capacity from 6 exahash (EH/s) to 10 EH/s in a short timeline, aligning with its operational blueprints [1][4]. Group 1: Growth Plans - The company aims to scale its operational capacity to 10 EH/s, with incremental growth targets of 7, 8, and 9 EH/s every two weeks [4]. - HIVE's expansion in Paraguay has increased its initial plan from 100 megawatts to 300 megawatts due to opportunities arising from another operator exiting the region [2][6]. - The construction in Paraguay is progressing rapidly, with over 350 workers currently on-site [2][7]. Group 2: Market Position - HIVE's current Bitcoin production accounts for over 1% of the global network, with Bitcoin prices reaching $111,000 [5]. - The company is targeting 18 EH/s by the summer of this year, with construction and equipment installation on track [9]. Group 3: Community Engagement - HIVE has initiated an ESG strategy, contributing to local schools by addressing the lack of air conditioning in high temperatures, having supported over ten schools near its facilities [8].

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - HIVE Digital Technologies Ltd. has achieved a new all-time high of 9.5 Exahash per second (EH/s) in Bitcoin mining hashrate, positioning the company above 1% of the global Bitcoin network [3][4] - The company aims to reach a target of 25 EH/s by the end of 2025, with plans for further expansion and increased energy efficiency [3][7] Group 1: Company Achievements - The milestone of 9.5 EH/s translates to mining over 4.5 Bitcoin daily, reinforcing HIVE's position as a top-tier player in the blockchain ecosystem [4] - HIVE's hashrate has been increasing at a rate of approximately 1 EH/s weekly, surpassing earlier projections [5] - The company is on track to reach 11.5 EH/s by June 2025, completing the first phase of its expansion [6] Group 2: Future Plans - HIVE plans to launch a second 100 MW facility in Yguazú by summer 2025, targeting 18 EH/s and aiming to capture 2% of the global Bitcoin network [7] - A third 100 MW campus is set to be established in Valenzuela, Paraguay, to help achieve the 25 EH/s target by Q4 2025 [7] - The company is focused on building a sustainable and high-growth operation, leveraging 100% renewable energy [5][10] Group 3: Leadership Perspectives - Frank Holmes, Co-Founder and Executive Chairman, emphasized the commitment to creating lasting value for shareholders and the operational excellence demonstrated by the team [8] - Aydin Kilic, President and CEO, highlighted that reaching 9.5 EH/s reflects the company's strategic focus and positions it for future growth [10]

Core Insights - HIVE Digital Technologies has achieved a record Bitcoin mining hashrate of 9.5 EH/s, positioning itself above 1% of the global Bitcoin network and aiming for 25 EH/s by the end of 2025 [3][4][5] Company Progress - The increase to 9.5 EH/s reflects HIVE's strategic victories, including the launch of a 100 MW hydro-powered data center in Paraguay, enabling the company to mine over 4.5 Bitcoin daily [4][5] - HIVE's operational excellence is demonstrated by an acceleration in hashrate growth, adding approximately 1 EH/s weekly, surpassing earlier projections [5] Future Plans - By June 2025, HIVE expects to reach 11.5 EH/s, completing the first phase of its expansion with improved energy efficiency [6] - The company plans to launch a second 100 MW facility in Yguazú by summer 2025, targeting 18 EH/s and aiming to capture 2% of the global Bitcoin network [7] - A third 100 MW campus in Valenzuela, Paraguay, is set to help HIVE achieve its 25 EH/s target by Q4 2025 [7] Leadership Statements - Frank Holmes, Co-Founder and Executive Chairman, emphasized the commitment to creating lasting shareholder value and the unprecedented pace of operational scaling [8] - Aydin Kilic, President and CEO, highlighted that reaching 9.5 EH/s reflects the company's strategic focus and positions it for further growth in Bitcoin mining rewards [9]